Philip G. Ralston, Jr.
Chief Executive Officer
Philip G. Ralston, Jr., has spent more than 35 years in the life science industry as a senior executive, inventor, company founder, venture capitalist and business coach. He has represented companies in public, private and non-profit sectors. Ralston holds 18 patents on various medical products, including drug delivery, monitoring and cardiovascular devices.
Prior to becoming an entrepreneur in medical related businesses, Ralston served as director of biomedical engineering at Baxter Healthcare where he was part of a corporate level group focused on strategic projects, product development and technology commercialization. A proven team builder, he is known for his “teamthink” approach to developing people and has started several programs to accelerate team-based product commercialization.
Since leaving Baxter, Ralston has started five companies, has been the senior operating executive of two mid-size medical device companies, and for the last decade has been a business coach for several Fortune 500, mid-size and start-up clients. He has significant hands-on knowledge and experience in all facets of operations and marketing for pharmaceutical, biotechnology and biomedical products from start-ups to mature manufacturing entities.
Highly effective in assessing risk and viability probability for start-up life science companies and products, Ralston successfully operated a new technology accelerator at Houston Advanced Research Center (HARC) and designed the Center for New Enterprise Development in the same community. He frequently speaks on “passing attack” product development, an effective, concurrent engineering process for moving ideas from proof of feasibility to proof of efficacy; and “customer delight”, or how to achieve outstanding customer loyalty. A true team player, Ralston has always placed a high priority on the development of his and his client’s teammates. He is committed to helping an organization’s human capital achieve its highest potential in performance driven cultures.
Ralston holds a Master of Business Administration from the Kellogg School of Management at Northwestern University and a Bachelor of Science in Chemistry from Brigham Young University. He is a charter board member of the Medical Device Manufacturers Association and currently serves on the advisory board of the Houston Technology Center. He is a Director and Senior Business Advisor with the North Texas Enterprise Center. He is also an executive committee member of the Center for New Ventures and Entrepreneurship at Texas A&M University. He has taught Small Business Growth and Management at the Mays School of Business at Texas A&M University.